June Roll Call

JUNE

•

2022

JUMP INTO SUMMER WITH $200 Plan the amazing summer you’ve dreamed about! You’ll get $2001 and lower payments when you refinance any of the following from another lender (loans must be $10,000 or more to qualify):

g

Vehicle loan (includes auto, recreational vehicle, travel trailer, motorcycle, boat, or watercraft loans)

g g

Credit card debt Personal loan

Plus, you won’t owe auto loan payments for 90 days2!

Take advantage of our great rates today:

g g

GET SUMMER CASH! Act now for money

Auto loan rates start at 1.99% fixed APR3 Personal loan rates start at 7.49% fixed APR4

See if you’re pre-approved on the LAPFCU app or online banking. Apply now lapfcu.org/refinance-save. Or call (877) 695-2732 to find out how much you can save.

back, low rates, and better payment options!

1 Offer valid January 18, 2022 – July 31, 2022. Existing LAPFCU loans do not qualify. Must refinance a personal loan, credit card debt, or vehicle loan (auto, motorcycle, boat and watercraft, motor home and travel trailer loans) from another lender that is at least $10,000. Credit card debt from another lender is eligible for a personal loan refinance. Offer applies to each eligible loan. The $200 will be credited to the primary applicant’s S1 Share Savings Account within 60 days after loan origination. Offer subject to change or cancellation at any time and other restrictions may apply. May not be combined with any other offers. Members who receive the $200 offer cannot refinance the new loan with LAPFCU again for a lower APR. Please ask for complete details. 2Only applies to auto loans. Number of total payments on your auto loan remains the same, and interest continues to accrue during deferred payment months. Deferring an auto loan payment may void your GAP insurance. Consult your insurer for details. 3To qualify got 1.99% fixed APR for 60 months requires a FICO score of 800 or greater and member must qualify for Member Benefits. Actual APR offered may be higher depending upon applicant’s credit rating and other underwriting factors (Member must participate in automatic payment program and qualify for Member Benefits program at time of funding). Go to lapfcu.org/member-benefits/ for complete details. 60-month term payment example: A 5-year loan at 1.990% fixed APR with zero down payment will have 60 monthly payments of $17.53 per each $1,000 borrowed. All rates, terms, and promotional offers are subject to change without notice. Cannot be combined with any other offer. Restrictions may apply, ask for complete details. 4APR = Annual Percentage Rate. Minimum loan amount of $500 and the maximum loan amount of $100,000. To qualify for 7.490% fixed APR for 48 months requires a FICO score of 800 or greater and member must qualify for Member Benefits. Actual APR offered may be higher depending upon applicant’s credit rating and other underwriting factors (Member must participate in automatic payment program and qualify for Member Benefits program at time of funding). Go to lapfcu.org/member-benefits for complete details. 48-month term payment example: A 4-year loan at 7.490% fixed APR will have 48 monthly payments of $24.18 per each $1,000 borrowed. All rates, terms, and promotional offers are subject to change without notice. Cannot be combined with any other offer. Restrictions may apply, ask for complete details.

LAPFCU MEMBER DISCOUN T PRICING

SAFEGUARD YOUR INFORMATION There were nearly 1.4 million reported cases of identity theft in 2020, and nearly one-third of those individuals had been victims of identity theft previously1. Your personal security is a top priority at LAPFCU. That’s why we offer FraudScout2

by CyberScout, a comprehensive credit and I.D. fraudmonitoring service with exclusive LAPFCU member discounts. Save time, hassle, and money with the package of tools and resolution assistance FraudScout offers.

g

Proactive assistance in resolving actual identity theft and unauthorized activity

g g g

Email alerts for potential fraud and ID theft Three-bureau credit monitoring, with annual credit scores and reports Monitor for change of address, social security trace, sex offenders

Don’t wait until you’re a victim before getting the coverage you need. Protect your personal information and enroll today at Myidmanager.com/lapfcu.

www.ftc.gov/system/files/documents/reports/consumer-sentinel-network-data-book-2020/csn_annual_data_book_2020.pdf 2FraudScout is not insured by the NCUA or any other government agency, is not Credit Union guaranteed, is not a deposit, and is not a condition to any banking service or activity. FraudScout is a service provided by CyberScout™. CyberScout may modify or improve any part of the service at any time and without prior notice. This service is not a credit counseling service and does not promise to help you obtain a loan or improve your credit record, history, or rating. Restrictions apply. For additional information, visit myidmanager.com/lapfcu.

1

(877) 695-2732 • lapfcu.org

SECURITY TIP

With fraud on the rise, remember that LAPFCU will never call, email, or text you to ask for your personal or account information. For more safety tips, visit lapfcu.org/security. If you have a fraud-related question or need to report fraud on your account, call us immediately at (877) 695-2732. Stay vigilant!

HOME AT LAST!

Save Now with Waived Fees and Exclusive Programs!

Now is the time to make a move! You can save even more with LAPFCU when you finance or refinance a mortgage now, as we’re waiving underwriting fees1, which saves you money when you close your loan. Our exclusive law enforcement programs help you make your investment go further and stay safer.

• Purchase a Home: Enroll in our free HomeAdvantage® program to connect with reliable real estate agents, find your dream home, and save with cash rewards.2 • Refinance Your Home: Lower your monthly payments, change your terms, take cash out, or consolidate your first and second mortgages.

Take advantage of these special offers today! Apply at lapfcu.org/own-yourdreams, call (877) 695-2732, or visit an LAPFCU branch.

EXCLUSIVE PROGRAMS

g g

Heroes Home Loan: 100% Financing for First-time Homebuyers3 Complimentary End of Watch Debt Protection4

1 The no underwriting fees offer (a $650 lender credit at closing) is valid for loan application dates from April 18, 2022, through December 31, 2022. Offer applies to home purchase and refinance loans.

The lender credit will be applied at time of funding. This limited time offer may be discontinued at any time without notice. All loans are subject to credit approval and applicable LAPFCU policies. Other restrictions may apply, please ask for complete details. 2HomeAdvantage is available to you through your membership with LAPFCU. Cash Rewards are available to members who register to use HomeAdvantage and who use a real estate agent in the HomeAdvantage network to buy or sell their home. Using LAPFCU for a mortgage is not a requirement to earn Cash Rewards. Cash Rewards amounts are dependent on the commissions paid to the agent. LAPFCU may have specific rules on how your Cash Rewards will be paid out. Cash Rewards are void where prohibited by law or the lender.

Please consult with your credit union to get details that may affect you. 3The Heroes Home Loan program is valid only for first-time homebuyers who are active-duty sworn and civilian law enforcement personnel. Property must be: (1) located in California, (2) owner-occupied primary residence; and (3) a single-family residence, condo, and planned unit development. Requires an LAPFCU checking account and automatic payments, an impound/escrow account for taxes and insurance, completion of first-time homebuyer course at fanniemae.com/education, minimum FICO of 700, maximum debt-toincome ratio of 45%, 30 or 40-year fixed rate term only, first lien position, and three months of payment reserves. If you have six months of mortgage payments in your savings, proof of rental history will be waived. Cannot be a homeowner within the past 24 months. There is a $250 application fee for this program that will be credited back at closing; however, if the transaction does not close, the $250 will not be refunded. You have up to 6 months to close on a property before the application fee is forfeited. Maximum loan amount based on conforming high balance loan limits (currently $822,375). May not be combined with any other offer. All loans are subject to credit approval and applicable LAPFCU policies. Program subject to change or cancellation at any time. No co-signers allowed for this program.

30-year fixed rate term payment example (rate effective March 15, 2022): A $500,000 loan with no down payment would have a fixed rate of 5.250%/6.217% APR would have 360 monthly payments of $2,761.02. 40-year fixed rate term payment example (rate effective March 15, 2022): A $500,000 loan with no down payment would have a fixed rate of 5.250%/6.059% APR would have 480 monthly payments of $2,494.35. Payment example does not include closing fees, taxes, insurance, loan level pricing adjustments or third-party vendor fees. All advertised rates and terms are subject to change at any time without notice. All loans are subject to credit approval and applicable LAPFCU policies. Your actual payment may vary. Other restrictions may apply, please call (877) 695-2732, ext. 7777 for complete details and to apply for the program.4End of Watch Debt Protection is provided to eligible borrowers at no additional cost to the borrower and cancels the outstanding LAPFCU loan balance of the sworn or civilian member. To be eligible for the End of Watch Debt Protection, the Borrower must: (1) be an LAPFCU member, (2) meet the lending requirements established by LAPFCU to qualify for this debt protection and (3) be an active active-duty sworn law enforcement officer or civilian in qualifying areas we serve. Minimum loan balance amount of $10,000 or a new activated $10,000 line of credit required to qualify (must be used within 30 days of account opening). Maximum coverage for a single loan is $400,000. The maximum combined loan amount is $850,000 for all the borrower’s loans. The End of Watch Debt Protection may not be purchased outright. This debt cancellation benefit applies to all loans from LAPFCU and only in the case of death while on duty, some exceptions do apply. All loans are subject to credit approval and to applicable LAPFCU policies. Other restrictions may apply. Visit lapfcu.org/eow or call (877) 695-2732 for complete details.

BANK WITH LAPFCU WHEREVER YOU ARE!

Manage your accounts, pay bills, send money, transfer funds, deposit checks, and more!

g g g g g

Mobile Banking App PATROL Online Banking Phone Banking and 24/7 Assistance at (877) 695-2732 Surcharge-free CO-OP ATMs and shared branches nationwide Virtual Appointments with an LAPFCU Associate at lapfcu.org/bookings

Set up PATROL Online Banking at lapfcu.org. Click LOGIN and Select Enroll.

BRANCH CLOSURE

Juneteenth | Monday, June 20 Please use the LAPFCU app and online banking. 24/7 assistance is available at (877) 695-2732.

(877) 695-2732 • lapfcu.org 0422-13